The Service Employees International Union is an example of a(n)
A) guild.
B) craft union.
C) industrial union.
D) public-sector union.
C
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Given the production possibility tables for the First and Second Bakeries shown, we know that the opportunity cost of producing cookies:First BakerySecond BakeryCookiesPiesCookiesPies018091012306206603300900
A. is higher at Second Bakery. B. is the same at both bakeries. C. is higher at First Bakery. D. cannot be computed without further information.
In general, a firm will be unlikely to invest as long as the
A. firm has to borrow any money to make the investment. B. profits realized from the investment are insufficient to cover the interest payments. C. interest rate is greater than the inflation rate. D. firm cannot sell bonds directly to the public and instead must borrow from a bank.